Robinhood's Plan to Bring Global Finance Onchain | Johann Kerbrat

Summary

Johann Kerbrat, GM of Crypto at Robinhood, explains the launch of Robinhood Chain, its rapid early traction (750M market cap, 500M TVL), and the company's vision for bringing global finance onchain. He highlights tokenized equities as an underhyped opportunity, the convergence of DeFi and TradFi, and Robinhood's strategy of deep integrations with partners like Morpho, Lighter, and Arbitrum.

• Robinhood Chain launched July 1, 2025 with $750M market cap, $500M TVL, and 105M transactions in three weeks.
• The chain is built on Ethereum using Arbitrum stack for security, liquidity, and custom governance.
• Tokenized equities are seen as underhyped, offering global, low-cost access to US stocks and future real-world assets.
• Robinhood Earn on-chain offers a ~7% stable yield, backed by insurance from Lloyd's of London.
• Robinhood's crypto business includes multiple revenue streams: trading, staking, lending, institutional (Bitstamp), and crypto-as-a-service.
• Johann emphasizes that Robinhood Chain is permissionless, enabling any developer to build, and prioritizes adoption over immediate chain revenue.
• He notes that regulatory clarity will be key for tokenized asset adoption and that no chain-native token is currently planned.